Financial News

Snyder's-Lance Set to Join the S&P MidCap 400; Trex, AMAG Pharmaceuticals to Join S&P SmallCap 600

NEW YORK, Feb. 23, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:

  • S&P SmallCap 600 constituent Snyder's-Lance Inc. (NASD: LNCE) will replace California Resources Corp. (NYSE: CRC) in the S&P MidCap 400, and Trex Co. (NYSE: TREX) will replace Snyder's-Lance in the S&P SmallCap 600 after the close of trading on Wednesday, February 24. California Resources has a low stock price, and its low market capitalization ranks it at the bottom of the S&P MidCap 400.
  • AMAG Pharmaceuticals Inc. (NASD: AMAG) will replace Diamond Foods Inc. (NASD: DMND) in the S&P SmallCap 600 after the close of trading on Monday, February 29. Newly added S&P MidCap 400 constituent Snyder's-Lance (NASD: LNCE) is acquiring Diamond Foods in a deal expected to be completed on or about that date pending final approvals.

Snyder's-Lance manufactures, distributes, markets, and sells snack food products. Headquartered in Charlotte, NC, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Packaged Foods & Meats Sub-Industry index.

Trex manufactures and distributes wood/plastic composite products, and related accessories. Headquartered in Winchester, VA, the company will be added to the S&P SmallCap 600 GICS Building Products Sub-Industry index.

AMAG Pharmaceuticals operates as a specialty pharmaceutical company. Headquartered in Waltham, MA, the company will be added to the S&P SmallCap 600 GICS Biotechnology Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – February 24, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Snyder's-Lance

Consumer Staples

Packages Foods & Meats

DELETED

California Resources

Energy

Oil & Gas Exploration & Production

 

S&P SMALLCAP 600 INDEX – February 24, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Trex

Industrials

Building Products

DELETED

Snyder's-Lance

Consumer Staples

Packaged Foods & Meats

 

S&P SMALLCAP 600 INDEX – February 29, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

AMAG Pharmaceuticals

Health Care

Biotechnology

DELETED

Diamond Foods

Consumer Staples

Packaged Foods & Meats

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

For more information about S&P Dow Jones Indices, please visit www.spdji.com

About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

S&P DJI MEDIA CONTACTS:

David Blitzer
Managing Director and Chairman of Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com

Soogyung Jordan
Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/snyders-lance-set-to-join-the-sp-midcap-400-trex-amag-pharmaceuticals-to-join-sp-smallcap-600-300225000.html

SOURCE S&P Dow Jones Indices

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